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New mortgage and DMP


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Yes it will affect the interest rate you get and also which lenders, will be prepared to lend to you. Best thing is to contact a broker who specialises in sub prime/adverse credit lending and let them see what deal you can get. Make sure you don't pay for this advice though.

Make sure you calculate all the figures including the product fees etc and see even with the increase in intrest rate from NR if it is beneficial to you moving. There are not many good deals about in the sub prime market at the moment, so you may be better of waiting a while.

 

You can also search the internet and see what deals are available, to get an idea before you contact a broker.

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